US EditionSouth Korea Expands Semiconductor Support to Counter US Tariff Threats
- South Korea announced a 33 trillion won support package for its semiconductor industry on Tuesday.
- Growing policy uncertainty and rising competition from Chinese rivals prompted calls for expanded government support.
- The package includes financial aid and low-interest loans for semiconductor companies between 2025 and 2027.
- U.S. President Trump said he would announce tariff rates on imported semiconductors, offering "flexibility with some companies."
- South Korea aims to help its chip sector cope with rising costs amid potential U.S. tariffs and global competition.
89 Articles
89 Articles
US tariffs may cost chip equipment makers more than $1 billion, industry estimates
Each of the three largest U.S. chip equipment makers — Applied Materials, Lam Research and KLA — may suffer a loss of roughly $350 million over a year related to the tariffs, the sources said.
Associated Press News
South Korea to boost support of semiconductor industry in the face of Trump's tariffs
South Korea on Tuesday said it will expand its financial support package for its crucial semiconductor industry to about $23 billion in part of efforts to address uncertainties posed by the Trump administration’s tariff hikes.
South Korea to infuse $5 bn into its chip industry amid ‘growing uncertainty’ over Trump tariffs
South Korea is a major exporter to the United States and its powerhouse chip and auto industries would suffer a hefty hit from President Donald Trump's threatened 25 percent levies
ABC FOX Montana
S. Korea plans extra $4.9 bn help for chips amid US tariff anxiety
South Korea on Tuesday announced plans to invest almost $5 billion extra in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
